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Schurz Innovation Challenge
Fall 2017
Schurz Communications
Multi-Generation
Family Company
Schurz History of Innovation
• 1872: South Bend Tribune
• 1922: WGAZ radio – 18 months after first US radio station
• 1952: WSBT Television – the oldest continuous running UHF station in the US
• 2014: First privately funded 1Gb network in Maryland
• 2015: Gray Television acquires Schurz radio & TV stations for $442.5 million
Schurz is now Print and Cable
Schurz History of Innovation
• 1872: South Bend Tribune
• 1922: WGAZ radio – 18 months after first US radio station
• 1952: WSBT Television – the oldest continuous running UHF station in the US
• 2014: First privately funded 1Gb network in Maryland
• 2015: Gray Television acquires Schurz radio & TV stations for $442.5 million
Schurz History of Innovation
• 1872: South Bend Tribune
• 1922: WGAZ radio – 18 months after first US radio station
• 1952: WSBT Television – the oldest continuous running UHF station in the US
• 2014: First privately funded 1Gb network in Maryland
• 2015: Gray Television acquires Schurz radio & TV stations for$442.5 million
Schurz History of Innovation
• 1872: South Bend Tribune
• 1922: WGAZ radio – 18 months after first US radio station
• 1952: WSBT Television – the oldest continuous running UHF station in the US
• 2014: First privately funded 1Gb network in Maryland
• 2015: Gray Television acquires Schurz radio & TV stations for$442.5 million
• Today: ???
Schurz Competition @Purdue
• Prototype with parts of a business model• Emphasis on technology prototype
• Work with us for advice through the semester
• Practice session
• Final presentation (& demo?)
Schurz Competition @Purdue: Rules
• You cannot present an entry substantially the same as one you have presented in any past Schurz challenge
• You must include at least one Purdue student on the team
• You must have the rights to present what you present
• You must attend one of 2 practice sessions
• You may use a class project as the basis for your entry
• You do retain all intellectual property rights to your developments
• You do decide how the team divides prize money
Schurz Competition @Purdue
• Typical final presentation: 8 minutes + 3 minutes questions• 45 seconds: Make the audience sympathize with your innovation
• ~4-5 minutes: Describe the innovation• Functionally
• Storytelling
• Not deep technical details
• ~2-3 minutes: How could this make revenue asa business?
• ~1 minute: Close with what you want the judgesto remember
Tell a story! Videos work great!
Schurz Competition @Purdue: Judging
• 5-6 judges• Politicians
• Startup CEOs / Executives
• Senior Executives from Schurz and others
• Prizes awarded same night• $5,000 first place
• $3,500 second place
• $1,500 third place
• $500 audience favorite
Schurz Competition @Purdue: Judging
• Ability to sell your idea
• Completeness
• Judges subjective opinion
Schurz Innovation Challenge Fall 2017 Timeline
Schurz Innovation Challenge @ Purdue Callout
• Today
Formally Register for the Competition at bit.ly/schurz17
• Deadline 11/22/17
Meet with Competition Mentor at Least Once
• Today-11/22/17
Practice Pitch @ LWSN 1130
• 11/28/17• 12/1/17
Schurz Innovation Challenge @ Purdue Pitch Competition
• 12/7/17
Questions to [email protected]
Schurz Competition At a Glance
• You own your intellectual property
• $5,000 first prize
• Almost any tech innovation is applicable
• Register by Nov 22 at bit.ly/schurz17
• Practice pitch Nov 28 or Dec 1
• December 7 final presentation